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COVER
STORY
Global
Financial Turbulence
-- Katuri Nageswara Rao
The
recent global financial turmoil has been caused essentially
by three factors. The first is the US subprime crisis, the
second is rising oil prices and the third is agflation. The
three challenges have obviously certain interlinkages as well.
The monetary and fiscal policies of various economies have
to address these challenges through long-term strategies.
© 2008 The Icfai University Press. All Rights Reserved
REGULATION
Globalization,
Price Stability and Central Banks' Communication Policy in
Emerging Market Economies
-- Dr. Ashish Srivastava
The compulsion to communicate catalyses the processes
to improve the quality of decision-making and provides a helpful
feedback. The formal, structured and periodic statements are
normally valued highly. Keen interest is, therefore, seen
in the speeches and comments of central bankers in times of
unexpected global or domestic developments.
© 2008 The Icfai University Press. All Rights Reserved
REGULATION
Balance
of Payment and Foreign Exchange Management
-- A K Sohani and Ravi Kumar Jain
Managing
Balance of Payments (BOP), regulating foreign exchange are
some of the crucial functions of the central bank of a country.
This article discusses the concept of BOP and elaborates on
its impact on the economy as a whole. The need and the importance
of regulating foreign exchange of a country is also discussed
with emphasis on the role of the central bank in this respect.
© 2008 The Icfai University Press. All Rights Reserved
SCENARIO
Indian
Financial System : An Inside Story --
Prof. Akinchan Buddhodev Sinha
The
Indian financial system has undergone a sea change since independence
and there is still more to come. There is a spurt in financial
activities and it is just the beginning. Moreover, the pace
at which the country's economy is making rapid strides is
a clear indication of a robust India and the Indian financial
system is expected to play a key role in this show. This article
focuses on the scenario of the banks in India, past and present,
their lacunae and reforms to overcome them.
© 2008 The Icfai University Press. All Rights Reserved
SCENARIO
Will
Debt Relief Vitiate the Credit Recycling Process? --
B Sadananda Rao
The
entire banking system in India is getting ready to enforce
the so-called populist Debt Relief Scheme (DRS) of the Central
Government. The political parties in the country are gauging
the influence of massive public expenditure in the name of
debt relief in moving the vote banks. But, experts opine that
the political ploy let loose by the government inflicts unpleasant
consequences in the economy which is already under severe
pressure because of inflation. At the same time, it vitiates
the credit recycling process in the country.
© 2008 The Icfai University Press. All Rights Reserved
SCENARIO
Financial
Performance Analysis of Commercial Banks : A Comparison of
Federal Bank, Dhanalakshmi Bank and SBI
-- Dr. Makesh K G
Today's
competitive environment in which the commercial banks operate
demands high levels of performance efficiency. Added to the
intense competition, all the banks are increasingly subjected
to severe regulatory and prudential measures that are intended
to ensure the viability and sustenance of the business as
well as the safety of its stakeholders. In this context, analysis
of financial performance to gauge the effectiveness of the
managerial practices followed gains significance.
© 2008 The Icfai University Press. All Rights Reserved
STRATEGY
Readiness
of Indian Banks for 2009
-- Rajendra Singh
The
performance of Indian banks has to be judged on the basis
of growth, credit quality, strength, soundness, efficiency
and profitability. The ethos of banking is based on the trust
of the depositors and the borrowers. The measure of this trust
is the strength and soundness of a bank. Ultimately, the ability
of a bank to absorb shocks mainly depends on its strength
alone.
© 2008 The Icfai University Press. All Rights Reserved
INTERNATIONAL
BANKING
Goldman
Sachs : Standing Tall Amidst Credit Ruins
-- P S Sarath Chandra
Goldman
Sachs, which fared well in a bull market, is holding its head
high even in a bear market. Its clients want to do business
with the banking giant even in the present market conditions.
While its rivals are clearing up their own mess of huge write-offs
and staff lay-offs and trying to raise capital to repair their
balance sheets, Goldman is marching ahead confidently with
its reputation not just intact but enhanced too.
© 2008 The Icfai University Press. All Rights Reserved
INTERNATIONAL
BANKING
Subprime
Loans : The Path to Crisis
-- V Prashant
In
the light of the turbulence that the US financial system has
seen since August 2007, it is no longer hyperbole to say that
the crisis has a life of its own. It is unfolding faster than
many had expected and the recovery is not likely to be rapid
given the size of the problem.
© 2008 The Icfai University Press. All Rights Reserved
CRM
Customer
Relationship Management : A New Mantra for Banking Sector
-- Anchal Singh
Accomplishing
the objectives of Customer Relation Management (CRM) is an
effective business strategy to be implemented by a bank. Faced
with an increasing array of financial products and services,
customers are expecting more from providers regarding value,
ease of access and personalized services. The article discusses
the evolution of CRM and outlines the way in which it can
aid customer relationship and increase customer channels,
product profitability and market share.
© 2008 The Icfai University Press. All Rights Reserved
CASE
STUDY
Customer
Awareness and Perception Towards Banking Channels of Kotak
Mahindra Bank
-- Varsha Virani
The
assets of Kotak Mahindra Bank are its intelligent workforce
and the harmonious relation that exists between the lower
and top management. With sound financial strategies, effective
marketing channels and excellent infrastructure, the bank
has successfully achieved a good market share in India.
© 2008 The Icfai University Press. All Rights Reserved
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